brodidit for students
FR A The conceptual and regulatory framework
اے سی سی اے · مالیاتی رپورٹنگ · 7 سوالات
نام: ____________________ تاریخ: ____________
Which two characteristics are the fundamental qualitative characteristics of useful financial information?
- A Comparability and timeliness
- B Prudence and neutrality
- C Relevance and faithful representation
- D Verifiability and understandability
Which of these is a measurement basis in the conceptual framework?
- A Fair value
- B Retained value
- C Budgeted value
- D Nominal profit
A liability is best defined as:
- A Any cost not yet paid
- B A future expense
- C A present obligation to transfer an economic resource as a result of past events
- D The residual interest in assets
Which statement about a principles-based framework is correct?
- A It prevents any choice of policy
- B It gives detailed rules for every case
- C It cannot be used with IFRS Accounting Standards
- D It sets objectives and relies on judgement in applying them
What is the role of the ISSB?
- A To set standards for sustainability-related disclosures
- B To audit financial statements
- C To set accounting standards for banks only
- D To enforce tax law
Why are intra-group transactions eliminated on consolidation?
- A They are illegal
- B They are always fraudulent
- C They are immaterial
- D The group is treated as a single economic entity
Which entity is accounted for using the equity method?
- A A subsidiary
- B A branch of the parent
- C A trade investment
- D An associate
جوابی کلید
1. C, 2. A, 3. C, 4. D, 5. A, 6. D, 7. D
The other four enhance usefulness.
The bases are historical cost, current cost, value in use or fulfilment value, and fair value.
The definition requires a present obligation arising from past events.
Rules-based frameworks give more detailed requirements, which can be avoided by structuring transactions.
The ISSB is part of the IFRS Foundation.
Transactions within the group do not involve outsiders.
The equity method applies where there is significant influence.